Member Info for Seeing-2020

64 entries on the Telegram group, still plenty of enthusiasm

In the spirit of goodwill to all.

The Telegram comp is open until 6pm today, I will take any entries received by that time.

1) SP end Jan 2024

2) SP end Dec 2024

No spikes just sp at those dates, or if you think a takeover before end 24 that's your Dec price

As we are in the last few days of 2023 I would like to wish you all firstly a healthy and then a successful 2024.

In my opinion 2024 will be the year we get our long awaited returns from our SM investments, many of us have been here over a decade.

Many stars are aligning for us in 2024 and it will finally be the year of the SEE

I have always been in the camp that Fleet will be the largest contributing sector, so the launch of Gen3 is hugely important. I remember the Gen2 launch back in 2018 and I certainly don't want to be waiting for Gen4 in another 5 or 6 years. Gen3 combined with the GSR should be a major catalyst

$1bn orderbook of auto wins is another important milestone that will happen in 2024.

As I have often said this ends in a takeover, it does for me anyway as I will never sell whether we are 6p or 66p, my view is that takeover will happen in 2024.

Sandy, nice to read another one of your humorous posts.

I wish you a healthy and wealthy 2024

Maps, I would agree with others a great blog, young Mr Safestocks is defies getting better at this writing game.

My favourite quote from Peel Hunt is below

Then he went on to caution investors. “It is vital for investors to be aware of the differences between the numbers thrown around by different companies in the DMS market. For example, it would be easy to be distracted by the SEK 1.55bn (US$150m) figure quoted in Smart Eye’s most recent win (which we believe to be General Motors). However, we are unclear how this figure has been calculated as Smart Eye does not disclose its method for calculating the value of these contacts. In addition, this contract was as a tier 1 supplier to the OEM. Given it currently acts as a tier 2 supplier to this OEM, its CEO stated volume as a tier 1 supplier is only likely to ramp in 2029, into the 2030s (not from 2027 as mentioned in the RNS) and thus has no impact on cash generation in the short to medium term.”

Https://www.linkedin.com/posts/colin-barnden-1081376_dms-ecosystem-innovation-activity-7143237102892208128-0vVh?utm_source=share&utm_medium=member_ios

Agreed Maps, he has delivered as promised

The OEM?

SEYE won JLR in 2017 and its still in their numbers on design wins (technically it was a design win but will never get a car on the road), maybe they have decided they want to get to SOP.

It's not a small win BTW.

It's our 3rd largest design win

1) A$125m Magna/VW

2) A$50m Ford

3) A$44m - todays $30m win

Huge congrats to the team and Paul as the leader. Looks to me its Valeo as the Tier One, really important to win a new OEM.

Bill Murray?

ISB, no way Paul is as useless as me at predicting, not even in the same league.

DR, I am quoting from the SEYE press release which clearly states 2027, as for us being in 2024 now, how was xmas 23 I seem to have missed it?

"The customer, a large North American car manufacturer, already has several vehicle models with Smart Eye’s DMS technology on the road, with more cars to be launched in the coming years. These will remain in production with Smart Eye as a Tier 2 supplier until 2027, when the 46 new car models will ramp up its production with Smart Eye as a Tier 1 supplier."

ISB, appreciate the feedback.

Redeye didn't upgrade thats factual.

As for returns you should ask the Affectiva shareholders, they got circa $60m in SEYE shares which is now worth about $20m. It was notable the SEYE Deputy CEO was quiet today perhaps she doesn't like the dilution coming

I have read most of the posts on here today and imo people are over reacting

1) Redeye didn't upgrade, so whilst they had some nice puns todays win didn't move the dial for them.

2) SEYE haven't "delivered a large contract" they have been award a design win for 4 years time, will it get to SoP, probably 50/50 chance based on past performance, I remember people getting excited on here when they won a design win for JLR in 2017, we are still waiting on one car on the road from that win.

3) They need cash, this design win makes that need stronger, cashflow inflows in 4 years if they get to SoP, cash outflow from now assuming they need to do some integration work, as the Tier one I have no understanding of the additional cost.

4) Paul has been right about many things, he predicted consolidation (eg Cipia and Xperi) he also said we won't bid or win all work, imo this is in the didn't bid category.

So I for one trust our leadership, but each needs to make their own decisions, I am content and nothing has changed, all I ask is those calling him an eejit don't dare try to shake his hand on Lewbos yacht.

the easy bit is working out the mirror is the ideal location.

a) steering wheel, punters won't want a camera on their steering wheel

b) instrument cluster, expensive and time consuming to redesign the ****pit.

c) other options, a pillar etc all have performance issue.

then if you are an existing mirror supplier, gentex and magna dominate, you need to decide who to partner with, that decision made a few years ago will decide who is successful over the next decade, remember a car model life is 7 years.

gentex - decide to buy the ip of guardian optical out of administration

magna - sign an exclusive deal with the supplier to gm, ford, merc and bmw.

i suspect gentex will backtrack and partner with seye or cipia but not until they have lost the current batch of rfq and the future is set.

Https://www.bbc.com/news/technology-67693935

Buy (or make) cheap, buy twice

https://apnews.com/article/tesla-autopilot-recall-driver-monitoring-system-8060508627a34e6af889feca46eb3002

Https://www.linkedin.com/posts/seeingmachines_safety-roadsafety-seeingmachines-ugcPost-7140550939437936641-qwsD?utm_source=share&utm_medium=member_android

Mr Brown would make.most sense, as a UK based board member